Nvidia secured a massive AI memory supply agreement with SK Hynix during a high-profile technology summit in San Francisco.
Nvidia secured a significant AI memory supply agreement with SK Hynix, a deal potentially worth $500 billion over several years. The agreement, announced during an AI summit in San Francisco, includes the construction of large-scale data centers expected to be operational by 2027. The partnership aims to provide a stable supply of high-bandwidth memory, a critical component for advanced processors currently facing a global shortage. The deal follows a diplomatic visit by South Korean President Lee Jae Myung to Silicon Valley. During the trip, the administration of South Korea sought to formalize long-term partnerships with American technology leaders. The agreement highlights a shift toward massive AI infrastructure buildouts involving foreign governments and large conglomerates. Additionally, Nvidia announced a $1 billion investment in the Korean cloud company Naver to expand AI computing capacity. These developments follow SK Hynix's recent Nasdaq listing, which allows American investors to trade the company's shares in real-time, linking South Korean chip diplomacy directly to American market movements.